1147 Results from 2019
Marcus Martinez Industry Advisor, Worldwide FSI at Microsoft
Avalanches are an interesting phenomenon. All looks peaceful and quiet, until that exact moment when an invisible trigger is activated and that humongous mass of snow comes down destroying anything standing in its way, temporarily changing the landscape beyond recognition and covering the ground with new layers of debris. So how do we know when a...
29 November 2019 Open Banking
Michael Chambers Director | Head of Prudential at Wheelhouse Advisors
Yesterday, the UK arm of a large international banking group was fined £44 million for prolonged and pervasive shortcomings in its internal controls and governance arrangements around capital and liquidity adequacy and regulatory reporting. The record fine highlights the importance of regulated firms designing, implementing and operating appropria...
29 November 2019 /regulation /retail Financial Services Regulation
With calendar year end right around the corner, now is a good time to think ahead about the annual review of your firm’s prudential governance arrangements. It’s a good time to sit down with a cup of coffee and reflect on the FCA’s consultation paper (or “CP”) from earlier this year; ‘Consultation 19/20: Our framework: assessing adequate financial...
29 November 2019 /regulation Financial Services Regulation
Shirish Netke President at Amberoon
As more banks make headlines through failing to effectively monitor and report on money-laundering activity, we need to rethink the AML problem and the roadblocks to solving it. To restate the problem, we have $2T laundered through the banking system every year. About $25B is intercepted by law enforcement and $70B is spent by banks on AML. And yet...
28 November 2019 /regulation Artificial Intelligence and Financial Services
Retired Member
To sell to big banks, most fintechs need to get serious Selling to large banks as a small fintech is definitely possible, but it’s not going to land you a multi-million dollar deal overnight and you should forget any notion of moving fast and breaking things I’ve been in the financial services market for over a decade. During that time, I’ve worked...
28 November 2019 /startups Banking Strategy, Digital and Transformation
Debbie Green VP of Applications at Oracle
The role of Chief Financial Officers (CFOs) has been completely reimagined in the last five to ten years. CFOs now have more responsibility and a wider remit for ensuring the success of the company. According to a recent McKinsey Company report, five functions other than finance now report to most CFOs: risk, regulatory compliance, M&A, IT and...
27 November 2019 /ai Finance 2.0
On November 21st, a security alert from NCR was issued describing a new form of Transaction Reversal Fraud (TRF) occurring in the UK, typically between 10 PM and midnight on any given day. Contrary to previously reported TRF attacks in which cash is pried from the dispenser after a payment reversal is initiated due to the jamming of the card reade...
26 November 2019 /security /payments Transaction Fraud Systems and Analysis
Prasoon Mukherjee Director | Head of Securities Services | GSC-India at Societe Generale Bank
Introduction: A background of accounting and auditing mis-governance, that’s hard to ignore: With sheer increase in the number of accounting scams that the industries have witnessed since early 2000, I have had this inner urge to bring this subject for more intensive debate. The last to hit a similar cord, is the recent issue of a whistle-blower, ...
26 November 2019 /regulation Internal Auditors in Financial Services
Much is made of the ability of Artificial Intelligence to improve business performance in many different ways and places in organisations. Financial Services as a sector is no stranger to these claims but remains some way off realising the full business benefit which the technology promises. One area of very high potential benefit which appears o...
26 November 2019 /ai /security Artificial Intelligence and Financial Services
Global trade is an ever-shifting sea. The waves of growth go up and down, but one thing remains certain: both barriers and opportunities are always present. Global trade tensions have been rising since 2018, and with tariffs on some widespread goods having a comeback in the last couple of years, international export/import activities face some chal...
26 November 2019 /startups Bigger than Technology
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